How to Possibly Get a Bargain at an Auction

Jan 24, 2018

If you love shopping for the best deals, then you’re sure to enjoy attending an auction! There are all kinds of great deals to be had, from large properties to small trinkets. So what can you do to find the best bargains?

Attend an auction preview

Auction previews give you an opportunity to take a close like at the items ahead of the auction. Since items purchased at auctions are rarely covered by any warranty, it’s your job to make sure the purchase is worth your while. During a preview you can closely inspect the items, so make sure you test as many features as possible. Consider taking photos of the items as well so you can make sure they are in the same condition on the day of the auction.

Do your research

Make sure you know the market value of the item to avoid overbidding. A simple Internet search will provide information about product value, devaluation, repair costs, and the current value that will help you decide what to bid.

Know your budget

It’s easy to get lost in the moment during an auction, and once you make a bid you can’t back out. Set your budget ahead of time and stick to it to avoid getting stuck with an item you really can’t afford. Also be sure to know what methods of payment are accepted so you come prepared.

Whether you are searching for a bargain at a land auction or qualified potential buyers for your home, the experts at Smith & Co. Auction & Realty will make sure that you are in the best position possible to find your desired results. Contact us today for more information!